2005 - Doughty also president of Altus Venture used a Counterfeit loan to inflate a $32 million investment in Quartz Mountain Aerospace to claim investing $221 million in 2005, and received $66.3 million in tax credits.

This case was well documented in
news articles by AP and others carried in state papers during the 2006 legislative session while state lawmakers were writing new legislation they claimed would close the loophole Altus Venture had used to obtain the $66.3 million in tax credits.

When the legislation reached the house, Kevin Calvey, chairman of the house revenue and taxation committee, received a
large bundled donation from Paul Doughty; while accommodating Doughty's concern's to not hurt what Doughty considered good programs. Calvey then held the legislation until the session closing day stack of last minute bills, when it is impossible to examine. Tax abuse more than doubled, after the charade to reduce.

2007 - After the charade and for the second year in a row, Doughty again filed another claim that his company invested another $200 million in Quartz Mountain Aerospace, in 2006.

Altus Venture is being operated by a group with a history of financial lawsuits, and used a large donation to muscle their way into helping write this very law they were/are abusing to operate a program where public officials can enjoy huge profits with no risk without violating the law.
fleece the OK public. See Suspicious Contributions

Calvey gets big donations from venture capitalists.
State Rep. Kevin Calvey, R, was Chairman of the House Revenue and
Taxation Committee handling the tax credit legislation that these donors
received $66.3 million through.

FSB Bancorp is the holding company for a variety of investment related entities, including:

First State Bank of Altus

Altus Venture, LLC

Altus Capital, LLC

Oasis Development, LLC

Global Industrial, LLC

Oklahoma Industrial Venture Management Co., LLC

Oklahoma Industrial Venture Capital Company, LLC

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